iPhones Prices Are Going Up

TL;DR

iPhone 14 Pro shipping delays are driving up resale prices significantly.

Transcript

so I've been talking about the iPhone 14 pro a ton already today but there's just so many key different things that are going on right now that are affecting the price tags of these iPhone 14 Pros now the resale culture of pretty much every single product out there isn't you know new it's been around for so many years I will say recently it's been ... Read More

Key Insights

• 📢 Apple recently announced significant shipping delays for the iPhone 14 Pro and Pro Max, affecting availability for buyers.
• ✋ The delays have resulted in a surge of resale prices, with some units being sold for $1,100 and even higher based on demand.
• 👶 Potential buyers are advised to place orders for new iPhones sooner rather than later to secure timely delivery.
• ⛽ The resale market is currently very active, fueled by buyers who need the device quickly and are willing to pay premium prices.
• 🪘 There is uncertainty about how long these shipping delays will last, which could prolong the current resale market dynamics.
• 👀 Consumers looking to avoid paying premiums should consider the potential benefits of waiting for new device shipments rather than entering the resale market.
• 📈 The narrative around the iPhone 14 Pro's scarcity reflects broader trends in consumer electronics and the impact of demand-supply issues.

Questions & Answers

Q: What is causing the spike in resale prices of the iPhone 14 Pro?

The spike in resale prices for the iPhone 14 Pro is primarily caused by recent shipping delays announced by Apple. With new models taking longer to reach consumers, there's a growing urgency for those wanting the device. Buyers are willing to pay more for immediate access to the iPhone 14 Pro, leading to higher prices in the used market.

Q: How much are people currently paying for used iPhone 14 Pros?

People are currently reselling used iPhone 14 Pros for prices in the range of $1,100 to $1,200. Rare models, like the one terabyte Pro Max, can go even higher, such as around $1,800. This trend is largely due to consumers seeking faster delivery than what new orders can provide, creating a competitive resale market.

Q: What advice is given for buyers in the current iPhone market?

Buyers are advised to order their iPhone 14 Pro as soon as possible to avoid long shipping delays. Those who can anticipate needing the device before February should consider this strategy to secure a new model more quickly instead of relying on the increasingly expensive used market.

Q: Will the resale prices of iPhone 14 Pros remain high?

The resale prices for iPhone 14 Pros may remain high as long as shipping delays persist. If prospective buyers continue to face long wait times for new devices, this heightened demand in the resale market is likely to continue, suggesting that these prices will stabilize at elevated levels for the foreseeable future.

Summary & Key Takeaways

• The announcement of significant shipping delays for the iPhone 14 Pro has led to increased urgency among buyers, pushing up resale prices in the market.

• Currently, many used iPhone 14 Pro and Pro Max models are being resold at a premium, often exceeding their original prices due to high demand and limited availability.

• Consumers looking to avoid long wait times may benefit from ordering new devices early, ensuring they receive them before potential future delays extend beyond expected delivery dates.